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22-04-2024
Business

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Stor-Away Co. needs to buy a new forklift. The company decides to deposit $3,700 in an account that earns 3% per year compounded semiannually. How much will the investment be worth in 3 years?
a) $4,005. 74
b) $4,045. 74
c) $4,055. 74
d) $4,025. 74
e) $4,075. 74
f) None of the above.

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